Japanese Candlesticks Analysis 21.11.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the ascending tendency continues. By now, XAUUSD has completed several reversal patterns, including Hammer, close to the support level. At the moment, the pair is still reversing and may later grow towards 1490.60. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1450.70 and test the support level.
In the H4 chart, EURUSD is trading below 3/8. In this case, the price is expected to break 2/8 and then continue trading downwards to reach the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.
AUDUSD is trading at 0.6794; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6800 and then resume moving downwards to reach 0.6690. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6855. In this case, the pair may continue growing towards 0.6955.
Japanese Candlesticks Analysis 26.11.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the ascending tendency continues. By now, XAUUSD has completed several reversal patterns, including Hammer, close to the support level. At the moment, the pair is reversing and may later grow towards 1475.50. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1445.50.
After finishing the correction at 1.1024 and then falling towards 1.1014, EURUSD is consolidating inside Triangle pattern. If later the price breaks this range to the upside at 1.1024, the market may continue the correction towards 1.1035; if to the downside at 1.1007 – resume trading inside the downtrend with the target at 1.0984.
Japanese Candlesticks Analysis 28.11.2019 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the descending tendency continues. After forming Shooting Star pattern, EURUSD has reversed and right now is still trading in the middle of the channel. We may assume that after finishing a slight correction the price may resume falling to reach 1.0950. However, one shouldn’t exclude a possibility that the price may continue growing towards 1.1057.
AUDUSD is trading at 0.6773; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6785 and then resume moving downwards to reach 0.6685. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6830. In this case, the pair may continue growing towards 0.6905.
AUDUSD is trading at 0.6774; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6790 and then resume moving downwards to reach 0.6705. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6825. In this case, the pair may continue growing towards 0.6905.
As we can see in the H4 chart, the convergence made the pair start a short-term descending correction =, which has reached 23.6% fibo. At the moment, EURUSD is forming another rising wave towards 61.8% and 76.0% fibo at 1.1208 and 1.1248 respectively.
In the H4 chart, USDJPY is consolidating. In this case, the price is expected to test the support at 3/8, rebound from it, and then resume growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may start a new decline towards the support at 1/8.
